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Agenda - 04-12-2005-8a
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Agenda - 04-12-2005-8a
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Last modified
8/29/2008 3:49:39 PM
Creation date
8/29/2008 10:14:44 AM
Metadata
Fields
Template:
BOCC
Date
4/12/2005
Document Type
Agenda
Agenda Item
8a
Document Relationships
2005 S Purchasing - Orange Enterprises
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2000's\2005
Minutes - 20050412
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2005
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DRAFT <br />shall revert to and become the sole property of the County. In the event of an uncured default and <br />in response to the County demanding that it do so, Orange Enterprises agrees to convey the <br />Premises by North Carolina warranty deed with such title exceptions as exist on the date of the <br />recordation in the Office of the Orange County Register of Deeds of this Agreement, to Orange <br />County, North Carolina, This requirement that Orange Enterprises convey the Premises to the <br />County in the event of a default under this Agreement shall be one that is specifically <br />enforceable by the courts of North Carolina. <br />2. The County shall provide the following building support and operational support <br />to Orange Enterprises: <br />Year Building Support Operational Support <br />2004-2005 $525,000 $43,175 <br />2005-2006 $100,000 $73,175 <br />2006-2007 $100,000 $73,175 <br />2007-2008 $100,000 $73,175 <br />2008-2009 0 $63,175 <br />2009-2010 0 $53,175 <br />
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